Came across this pretty cool video montage produced for The World Bank Project on the Nigerian Entertainment Industry that highlights the positive and visually intriguing aspects of Nigeria in order to promote Foreign investment.
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The president of National Association of Nigerian Traders, Mr. Ken Ukaoha, announced in Abuja yesterday that Foreign Direct Investment from China to Nigeria has doubled from $3 billion in 2003 to $6 billion this year with 75% percent of investments in the oil and gas sector.
Mr. Ukaoha said that trade between China and Nigeria is based mostly on China providing resources for Nigeria's poor infrastructure and Nigeria providing China with oil for their rapidly growing manufacturing sector. Besides South Africa, Nigeria is China's largest trading partner in Africa.
According to Mr. Ukaoha, China's increased interest in Africa is based on China expanding its reach for more resources to support the demands of the country's growing economy and Africa as a whole looking for better terms of trade.
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CNN's Isha Sesay talks to Nigerian Foreign Minister Ojo Maduekwe about Nigeria winning a seat at the U.N. security council and accomplishments Nigeria is looking forward to achieve.
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A memorandum of understanding has been signed by The Federal Capital Territory (FCT) for Chinese firm, Global Group Corporation (CGGC) to commence mass housing, development of infrastructure, and power generation in Abuja.
The managing director of Abuja Investment Company Limited (AICL), Dr. Abdual Muktar made this statement:
"According to the recently approved mass housing guidelines only reputable developers would be engaged while FCT administration is committed to providing infrastructure. Some of the excuses that the developers have been putting for low quality of housing have to do with where they have to provide infrastructure themselves but the FCT Minister has made it clear that infrastructure would be provided for them," he said.
Head of Government Relations with the CGGC, Mohammed Mustapha, said that the company was invited to Nigeria in 2005 by former President Olusegun Obasanjo after being impressed with the hydro power project the company completed in China. Mr. Mustapha added that CGGC has vast experience in city planning, infrastructure development, and real estate. The company is currently working on Libya's largest housing project of 10,000 housing units valued $1 billion.
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In a confidential memo from Nigerian police to registered security practitioners. Lagos, Ogun, and Kaduna have been identified as hotspots where ritual killings take place in Nigeria.
"the Nigeria police wish to advise all to avoid the following places as they have been identified as hot spots for ritual killings".
The memo also named such black spots in Lagos such as Isheri Olowo-Ira under Bridge, Toyota Bus Stop on Apapa-Oshodi Expressway, the Bridge linking Abiola Garden with Otedola Estate and the entire area of Ikorodu.
Other hotspots for ritual killings in Nigeria according to the memo include Waterfront River Niger area of Onitsha in Anambra State; Igwurita, Muruokoro, Port Harcourt in Rivers state, and Ilorin-Oro in Kwara.
Related story: Hundreds of students attack ritualist for taking male organ of colleague
